Americas

BMW Moves Ahead on Factory in Mexico, Hedges on U.K. Facilities

March 21, 2017 at 1:24 PM

BMW AG says is moving ahead with plans to open a $1 billion carmaking complex in San Luis Potosi, Mexico, in 2019.

Toyota Aims to Make Brazil an Export Base

March 17, 2017 at 12:00 AM

Toyota Motor Co. tells reporters in Brazil it intends to increase local content for vehicles it makes there and begin exporting them to more countries in Latin America.

Bridgestone Targets 5%-6% Growth in Americas

March 14, 2017 at 12:16 AM

Bridgestone Corp. predicts its annual operating profit in North and South America will average between 5% and 6% over the next several years, enabling the region to contribute more than half the tiremaker’s group profits.

Nissan Confirms Mexico Plant Will Open in 2018

February 09, 2017 at 2:01 PM

Nissan Motor Co. says it will go forward with plans to begin making Infiniti-brand luxury QS30 small crossover vehicles in Mexico a year from now, regardless of the Trump administration’s vow to revamp or abandon the North American Free Trade Agreement.

Japanese Brake Supplier Drops Mexico from Plant Site List

February 08, 2017 at 4:26 PM

Japan’s Nisshinbo Holdings says it has scrapped plans to build a brake components factory in Mexico because of U.S. President Donald Trump’s determination to revamp or abandon the North American Free Trade Agreement.

Daimler Confirms Review of Nissan Venture in Mexico

February 03, 2017 at 1:04 AM

Daimler CEO Dieter Zetsche tells reporters that “question marks” have arisen about plans for the company and Nissan Motor Co. to share a small-car platform to carry Mercedes-Benz and Infiniti luxury vehicles.

China’s JAC Joins Mexican SUV Venture

February 03, 2017 at 12:17 AM

China’s Jianghuai Automobile Co. is setting up a production beachhead in North America through a new joint venture with Mexican assembler Giant Motors Latinoamerica SA and vehicle distributor Chori Co.

GM to Idle Plant in Brazil for 2 Weeks

February 02, 2017 at 1:15 AM

General Motors Co. has told workers at its assembly plant outside Sao Paulo, Brazil, that it will suspend production for two weeks beginning Feb. 13, according to the facility’s metalworking union.

Trump Threatens BMW with 35% Tax on Cars Made in Mexico

January 16, 2017 at 12:33 AM

President-elect Donald Trump tells Bild the U.S. will add a 35% border tax on any 3 Series sedans BMW AG intends to import from Mexico.

Ford May Compensate Suppliers for Abandoned Mexico Plant

January 12, 2017 at 12:11 AM

Ford Motor Co. is discussing compensation for suppliers linked to its $1.6 billion assembly plant in San Luis Potosi, Mexico, that was cancelled last week.

Car Sales in Mexico Surge to Record High

January 06, 2017 at 12:00 AM

Car sales in Mexico jumped 19% in 2016 to a record 1.6 million units, according to dealer and industry trade groups.

Trump Threatens Border Tax on Toyota Corollas from Mexico

January 05, 2017 at 5:17 PM

President-elect Donald Trump, who earlier this week warned of a “big border tax” on cars General Motors Co. makes in Mexico, has now made the same threat against Toyota Motor Corp.